Details

MASSIVELY REDUCED FOR A QUICK SALE — PART FINANCE NEGOTIABLE!

This new offer from Doctor Property is a small, but very successful 5* Apartment-Hotel, located at the trendy north-eastern part (Bangrak, Big Buddha) on the vacation island Koh Samui, a one hour flight from Bangkok. Due to the its hill-side location, the hotel and all the rental units offer breath-taking, panoramic sea views. The hotel is easy to access by a concrete, 200 m long road with no trough traffic. The beach is a mere 300m away with its bars, restaurants, shops. You’ve also got the Play Laem market and pier for your island hopping excursions

The four apart­ments in the hotel are ful­ly fur­nished and pro­vide your usu­al ameni­ties, such as a flat screen smart TV , Denon-HiFi sys­tems, and the 8x4m pool in the Pool Vil­la. Proven by the sta­tis­tics from Booking.com – the main source of all the book­ings to now – the hotel is very suc­cess­ful and from 2015 onwards received an award each year for its out­stand­ing guest reviews: 93% of all guests said their stay at this hotel was either superb, good or ok.

The aver­age occu­pan­cy of the hotel is almost dou­ble the total aver­age for the entire island. The aver­age guest stays here 8 nights, not the approx. 4.5 nights at the oth­er hotels on Koh Samui. On booking.com the hotel is seen by 1,000 poten­tial guests every day – 80% bet­ter than the oth­er hotels on Koh Samui — but the hotel is not only rep­re­sent­ed on Booking.com, but on more than 600 more web­sites online. The prop­er­ty score of the hotel on booking.com is 8.6 at the time of list­ing. Due to these good rat­ings, the hotel made in the first 4 months of 2018 the same rev­enues as for the whole of 2017. The ROI of 2018 is pro­ject­ed to be about 15% or high­er.

As the land and build­ings are owned by a com­pa­ny, even for­eign­ers could eas­i­ly take over the hotel and get 2 work per­mits if need­ed, just by tak­ing over shares of the com­pa­ny and self-appoint­ing the CEO. For you, and the own­er, there will be no tax at all to pay for this trans­ac­tion. Doc­tor Prop­er­ty can get you in touch with the right peo­ple and our trust­ed con­tacts to make this as sim­ple and has­sle free as pos­si­ble… if you require these ser­vices.

This Hotel was built in Year: 2012/2013

This hotel is rep­re­sent­ed on all major online book­ing por­tals such as :

…and more than 600 oth­er part­ner sites of these OTA’s. To man­age the book­ings from these web­sites, the hotel uses a chan­nel man­ag­er (Myal­lo­ca­tor) and an Access-Apli­ca­tion, pro­grammed to meet the needs of this hotel.

About 90% of the book­ings come from Booking.com and each day there are about 1,000 peo­ple view­ing this hotel on the site…80% bet­ter than the aver­age for Koh Samui.

In the first 4 months of 2018 the hotel took in the same amount of rev­enue as the whole year of 2017. The fore­cast for the rental rev­enues is about 2.5 Mio THB for this year. As a quick exam­ple, 2018 should see a 15% return on the list price for the prop­er­ty. The apart­ment com­plex must be repaint­ed and some water dam­age must be reme­died. Var­i­ous oth­er minor repairs are need­ed as part of expect­ed main­tainence. Esti­mat­ed cost for reme­di­al works: 300.000 – 400.000 THB.

Are you inter­est­ed in this offer? Then please con­tact us and we will vis­it this prop­er­ty togeth­er.